This Article is From Apr 19, 2012

Eight held for internet-banking fraud in Indore

Indore: The Police on Wednesday arrested eight fraudsters for allegedly hacking into internet banking accounts and siphoning off the money into their own accounts. The police also seized a number of ATM cards, mobile phones and important documents from them.

The gang comprising of eight members allegedly transferred an amount to the tune of Rs 25 lakh over the past six months from a number of accounts with private banks including ICICI, Axis Bank and IDBI Bank, Senior Superintendent Police( SSP) A Sai Manohar and Assistant Superintendent Police (ASP) (Crime) Manoj Rai told a joint press conference.

The officials said that the gang had links in Maharashtra, Andhra Pradesh, Kerala and Tamil Nadu.

The accused have been identified as Navaid, Tausif, Asif, Firoz, Arafat, Gulzar, Bablu and Ajju Bhai -- all from Indore.

Except Tausif, the seven others allegedly opened bank accounts on fake addresses and identities, they said.

So far three account-holders had approached the police complaining about the fraud and cases under relevant sections of the Information Technology Act and Forgery Act have been registered with Tukoganj and Sanyogitaganj police stations, they said, adding further investigations are on in the case.
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